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Daegu signs MOU with U.S. investment bank on Eco-Water ...
May 26, 2010
A plan is gathering momentum on the development of an Eco Water-Polis, which calls for the construction of a world-class waterfront tourism and leisure complex by the Nakdong River.   The investment inducement delegation on the development of Eco-Water Polis visited New Y...

3-D image research center to open in Busan
May 19, 2010
A 3D film research center will be established in the Centum City area of Busan to carry out research in the field and nurture related human resources.   Busan City recently announced that its ‘3D Image Research Center in the Southeast Region of Korea’ has been selected for...

Korea transfers agricultural technology to six nations
May 14, 2010
Korea’s agricultural technology has reached the world class level. Many developing nations in Asia, Africa and Central America are seeking technological assistance in this field.  In mid-November last year a kimchi tasting fair took place at Big-C Discount Mart in Hanoi, V...

Busan motor show establishes itself as nation’s premier...
May 13, 2010
The Busan International Motor Show (BIMOS) 2010 opened on Apr. 29 and ended its 10-day-long journey and closed May 9.According to the venue, Busan Exhibition and Convention Center (BEXCO), and the BIMOS office, approximately 1.1 million people visited the show. The number of visi...

IT trade surplus breaks record again in April
May 12, 2010
Korea's IT exports recorded US$12.7 bil. in April, a 34.1% increase from the same month the previous year, the Ministry of Knowledge Economy said on May 6.Exports of semiconductors and display panels in particular hit a second record high in six months. Semiconductor exports gain...

American industrial gas giant Praxair eyes BJFEZ
May 10, 2010
Praxair, an American based multi-national company operating in over 30 Countries with a staff of 27,000 and with sales of $9 billion (USD) in 2009, signed an MOU on May 3rd, 2010 with the Busan-Jinhae Free Economic Zone Authority (BJFEZ), with the intention to build a 33,000 m2 f...

KEPCO, POSCO join hands for development of nuclear ener...
May 07, 2010
The Korea Electric Power Corporation and the world’s second largest steelmaker (in terms of market value) POSCO agreed on May 3 to work together to locally manufacture key materials needed at nuclear power plants, and signed a Memorandum of Understanding to formalize that agreeme...

Gov't grants multiple entry visas for overseas plant or...
May 06, 2010
The government is joining efforts to assist Korean businesses to attract more contracts for overseas plant construction. The Ministry of Justice announced last Monday (Apr. 25) that it decided to issue 2-year multiple entry visas for public officials and businesspeople of the c...

Q1 economic growth highest in 7 years
May 06, 2010
Korea’s economic growth in the first quarter stood at 7.8 percent, the highest in almost a decade, the government announced on Apr. 27.The national economic recovery seems to have gained more ground over the first three months, helped by balanced growth in public and private sect...

Saemangeum Seawall: road to economic boom
May 03, 2010
On April 27, the construction project on Saemangeum, the world’s longest seawall (33km) was completed and opened to the public. The massive dike took about twenty years to finally be sealed.  It links Gunsan City and Buan County in North Jeolla Province, shortening travel di...